TY - BOOK ID - 85287368 TI - Structural Quarterly Projection Model for Belarus AU - Musil, Karel. AU - Pranovich, Mikhail. AU - Vlcek, Jan. PY - 2018 SN - 1484389301 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Belarus KW - Republic of Belarus KW - Rėspublika Belarusʹ KW - Republic of Byelarusʹ KW - Respublika Byelarusʹ KW - Byelarus KW - République de Bélarus KW - República de Belarús KW - Republik Belarus KW - Weissrussland KW - White Russia KW - Belorussia KW - Belorus KW - Biélorussie KW - Bielorussia KW - Białoruś KW - Беларусь KW - Рэспубліка Беларусь KW - Республика Беларусь KW - ベラルーシ KW - Berarūshi KW - Byelorussian S.S.R. KW - Economic conditions KW - Foreign Exchange KW - Inflation KW - Money and Monetary Policy KW - Production and Operations Management KW - Money and Interest Rates: Forecasting and Simulation KW - Monetary Policy KW - Quantitative Policy Modeling KW - Price Level KW - Deflation KW - Macroeconomics: Production KW - Demand for Money KW - Macroeconomics KW - Monetary economics KW - Currency KW - Foreign exchange KW - Exchange rates KW - Inflation targeting KW - Output gap KW - Demand for money KW - Prices KW - Monetary policy KW - Production KW - Money KW - Economic theory KW - Belarus, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:85287368 AB - Belarusian authorities contemplate transiting to inflation targeting. The paper suggests a small structural model at the core of the forecasting and policy analysis system. A well-researched canonical structure of Berg, A., Karam, P. and D. Laxton (2006) is extended to capture specifics of Belarusian economy and macroeconomic policy. The modified model’s policy block reflects a monetary targeting regime and allows for transition from it to an interest-rate-based framework. Adding wages, directed lending and dollarization allow for studying implications of activist wage policy, state program lending, and dollarization for macroeconomic stability and the strength of the policy transmission mechanism. ER -